Email attacks grow faster in Europe than the US
Email attacks in the US grew by five times between June 2022 and May 2023. However, Europe saw total attacks increase seven-fold during the same period -- to an average of 2,842 attacks per 1,000 mailboxes in May.
Data released today by Abnormal Security shows that where business email compromise (BEC) attacks are concerned, the disparity is even greater.
Amidst an energy crisis, energy companies can't risk a cyberattack further damaging their reputations
It’s no secret that rapidly rising prices, spurred by Russia’s war in Ukraine, have inflicted damage on the reputations of energy companies. While the companies themselves may not have caused those rising prices, it’s their logos that consumers see on top of their energy bills every month.
It should hardly be surprising then that a survey by Populous found that just 16 percent of Britons view the energy sector positively. These are people, remember, who’ve found themselves in the midst of one of the worst cost-of-living crisis in decades. Millions of them have also, at some point in the past few months had to choose between heating their homes and eating.
Manufacturing businesses face escalating cyber threats
Two thirds of IT executives in the manufacturing sector believe that their enterprise will be targeted by a cyberattack within the next 12 months.
The study of 300 executives, carried out by CXO Priorities for Quest Software, shows that the most significant threats are seen as ransomware (22 percent), industrial espionage (21 percent), and state-sponsored threats (21 percent).
Ransomware targets specific industries as attack success rate soars
Last month broke ransomware records -- and not in a good way. The latest report from Blackfog shows 66 publicly disclosed ransomware attacks, the highest recorded since the company began reporting in January 2020.
More concerning still is a significant uptick in the attack success rate, with a 154 percent increase over 2022.
Cyber insurance gets more expensive as ransomware attacks target backup storage
A new report reveals that 93 percent of ransomware attacks are now targeting backup storage as a way of ensuring payment.
The report from Veeam also shows that the success of attacks is having an impact on enterprises' ability to get insurance cover. 21 percent of organizations say that ransomware is now specifically excluded from their policies.
Email is seen as the enterprise channel most vulnerable to attacks
The majority of organizations use six or more communication tools, across channels, with email being the single channel seen as the most vulnerable to attacks.
Of those responding to a new survey by Enterprise Strategy Group (ESG) and Armorblox of almost 500 IT and security professionals, 38 percent see email as the most vulnerable channel.
Securing APIs is a top priority, yet many don't have dedicated security solutions
The security of APIs remains a top cybersecurity concern this year, according to a new study, yet there is still a lack of dedicated API security for many companies.
Research from TraceableAI, carried out at this year's RSA conference, finds that though 69 percent of organizations claim to factor APIs into their cybersecurity strategy, 40 percent of companies do not have dedicated professionals or teams for API security.
Cyberattacks seek to exploit trust in Microsoft and Adobe tech brands
The first quarter of 2023 has seen a significant increase in cyberattacks looking to exploit trust in established tech brands like Microsoft and Adobe.
A new report from Avast also finds a 40 percent rise in the share of phishing and smishing attacks over the previous year. Overall, two out of three threats people encounter online now seek to use social engineering techniques, taking advantage of human weaknesses.
Malicious HTML attachments double in the last year
Last May, 21 percent of all HTML attachments scanned were malicious. Ten months on, that figure has more than doubled with 45.7 percent of scanned HTML files found to be malicious in March 2023.
This finding comes from the latest Threat Spotlight report from Barracuda Networks, which shows that not only is the overall volume of malicious HTML attachments increasing, they remain the file type most likely to be used for malicious purposes.
How enterprises can stay ahead of risks, threats and potential attacks [Q&A]
Businesses are engaged in a constant cat-and-mouse game with hackers, attackers, and bad actors in order to stay secure.
Dominic Lombardi, VP of security and trust at Kandji believes that in order to stay ahead it's necessary to master basic IT and security hygiene, update and communicate your risk register, and work steadily toward a zero-trust security model. We spoke to him to discover more.
Ransomware attacks can cost enterprises up to 30 percent of operating income
The financial impact of a ransomware attack can cost businesses up to 30 percent of their operating income, with smaller enterprises hit proportionally harder.
A new report from ThreatConnect looks at the financial impact of ransomware attacks on small ($500M), medium ($1.5B) and large ($15B) organizations within healthcare, manufacturing, and utilities.
Cyber threats get more personal
Popular online platforms such as Netflix, Facebook, and Steam are being used to spread cyber attacks as criminals focus on consumers' favorite online activities.
The latest consumer threat guide from F-Secure finds the most imitated social media platform used to spread phishing threats in 2022 was Facebook at 62 percent. Steam, the largest distribution platform for PC games, was the most popular gaming platform to spoof at 37 percent.
Vulnerable cloud attack surface grows almost 600 percent
A new report from cyber asset visibility and management company JupiterOne shows numbers of enterprise cyber assets have increased by 133 percent year-on-year, from an average of 165,000 in 2022 to 393,419 in 2023.
Organizations have also seen the number of security vulnerabilities, or unresolved findings, increase by 589 percent according to the report which analyzed more than 291 million assets, findings, and policies to establish the current state of enterprise cloud assets, including cloud and physical environments of devices, networks, apps, data, and users.
93 percent of organizations suffer business email compromise attacks
The threat of business email compromise (BEC) is growing year on year and is projected to be twice as high as the threat of phishing in general.
According to a new report from cloud email security platform IRONSCALES, over 93 percent of organizations have experienced one or more of the BEC attack variants in the previous 12 months, with 62 percent facing three or more attack variants.
Automated translation services help deliver BEC attacks
Business email compromise (BEC) attacks are a major issue and are reckoned to have accounted for over a third of all financial losses from cyberattacks in 2021.
While not as common as phishing, BEC is a serious threat and it's not just in English-speaking countries. Abnormal Security has identified two groups using executive impersonation to execute BEC attacks on companies worldwide.
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